Important context that many of these dollars are counted multiple times. Ex: you bet 100 and win, bringing your holdings to 200. You bet another 100 and lose,

Important context that many of these dollars are counted multiple times. Ex: you bet 100 and win, bringing your holdings to 200. You bet another 100 and lose, back to 100. You’ve gambled $200 but have arrived at the same number you started with. I have friends who gamble in excess of 100k/yr total. In general their net is ± 3k. A lot to spend on a hobby, but the total is often misleading.